Do Second-hand Car Markets Accept Mortgaged Vehicles?

[MicahDella]

Second-hand mortgaged car markets do not accept these vehicles because the ownership cannot be transferred. They can only be purchased with the consent of the mortgagee. Precautions for purchasing mortgaged second-hand cars: When a second-hand car is used as collateral, the mortgagor does not have the right to privately change the ownership. The car can only be sold with the mortgagee's consent, and the proceeds should be used to repay the debt. If the mortgagee refuses the sale request, the second-hand car should only be traded after the loan is fully repaid and the mortgage status is lifted. Precautions for purchasing second-hand cars: When buying a second-hand car, first walk around the car to check if all four tires are properly inflated; observe whether the tire brands are consistent; inspect the front wheels; check the wheel bearings of the second-hand car; after the transaction is completed, require the buyer to promptly deliver the relevant documents.